Oil rents in Norway
Norway: Oil rents was 6.1% in 2021. ◆ Volatile
Oil rents in Norway, 1971–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in Norway is 6.1%, measured in 2021.
That represents a change of up 87.7% on the previous year and down 19.2% over ten years.
Over the whole period, oil rents in Norway peaked at 11.6% in 2000 and was at its lowest, 0.0%, in 1971.
Norway ranks 26th of 200 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents in Norway, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1971 | 0.0% | — |
| 1972 | 0.0% | +581.9% |
| 1973 | 0.1% | +35.8% |
| 1974 | 0.3% | +442.0% |
| 1975 | 1.2% | +316.7% |
| 1976 | 1.8% | +47.1% |
| 1977 | 1.7% | -5.9% |
| 1978 | 1.9% | +12.4% |
| 1979 | 4.3% | +133.8% |
| 1980 | 5.7% | +30.6% |
| 1981 | 4.5% | -20.8% |
| 1982 | 3.0% | -33.8% |
| 1983 | 4.9% | +65.0% |
| 1984 | 5.8% | +17.6% |
| 1985 | 6.1% | +5.5% |
| 1986 | 2.2% | -64.4% |
| 1987 | 3.4% | +55.4% |
| 1988 | 2.7% | -19.2% |
| 1989 | 5.8% | +112.3% |
| 1990 | 7.4% | +28.1% |
| 1991 | 4.1% | -44.7% |
| 1992 | 4.7% | +15.8% |
| 1993 | 5.3% | +11.3% |
| 1994 | 5.0% | -4.8% |
| 1995 | 5.0% | +0.5% |
| 1996 | 7.4% | +46.6% |
| 1997 | 5.9% | -20.1% |
| 1998 | 1.8% | -68.8% |
| 1999 | 5.2% | +184.5% |
| 2000 | 11.6% | +121.3% |
| 2001 | 8.3% | -28.0% |
| 2002 | 7.5% | -9.7% |
| 2003 | 7.3% | -2.3% |
| 2004 | 8.4% | +13.9% |
| 2005 | 9.6% | +15.2% |
| 2006 | 9.2% | -4.5% |
| 2007 | 8.0% | -13.2% |
| 2008 | 9.9% | +23.7% |
| 2009 | 6.0% | -39.3% |
| 2010 | 5.6% | -6.3% |
| 2011 | 7.5% | +33.6% |
| 2012 | 6.5% | -13.8% |
| 2013 | 5.5% | -14.2% |
| 2014 | 5.5% | -0.1% |
| 2015 | 3.1% | -43.2% |
| 2016 | 2.6% | -17.2% |
| 2017 | 3.6% | +39.6% |
| 2018 | 5.0% | +36.6% |
| 2019 | 4.5% | -8.6% |
| 2020 | 3.2% | -28.8% |
| 2021 | 6.1% | +87.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.2% | 0.0% | 4.3% | 9 |
| 1980s | 4.4% | 2.2% | 6.1% | 10 |
| 1990s | 5.2% | 1.8% | 7.4% | 10 |
| 2000s | 8.6% | 6.0% | 11.6% | 10 |
| 2010s | 5.0% | 2.6% | 7.5% | 10 |
| 2020s | 4.6% | 3.2% | 6.1% | 2 |
Countries ranked near Norway
More energy & mining data for Norway
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate 2.48 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0.0001 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 5.2% (2025)
Frequently asked questions
- What is oil rents in Norway?
- Oil rents in Norway was 6.1% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Norway?
- The highest recorded value was 11.6% in 2000.
- What is the lowest oil rents recorded in Norway?
- The lowest recorded value was 0.0% in 1971.
- How does Norway rank for oil rents?
- Norway ranks 26th out of 200 countries with data for 2021.
- Is oil rents rising or falling in Norway?
- Over the last ten years it is down 19.2%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from The Changing Wealth of Nations, World Bank (WB), published as part of Oil rents (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.